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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?


To: Chisy who wrote (4518)9/7/2000 11:43:44 AM
From: J.T.  Read Replies (1) | Respond to of 19219
 
Chisy, what is da cheif doing - ignoring my posts to him?? lol

Luna-tics (which I am not) know more often than not, gold tends to hit nearterm cycle highs into a NEW moon and cycle lows into a FULL moon.

This time we inverted and the low in the XAU was on the new moon and been spiking ever since.

Gold bullion has not conversely responded higher to XAU...

One has to give way to the other... Either Gold Bullion moves sharply higher or XAU pulls back in here very shortly over the nearterm...

Best Regards, J.T.



To: Chisy who wrote (4518)9/7/2000 11:47:05 AM
From: Rextar98  Read Replies (1) | Respond to of 19219
 
J.T.......I too would like to see that full moon/XAU chart.

June 15 and Aug 16 both worked out eh?



To: Chisy who wrote (4518)9/7/2000 12:14:26 PM
From: J.T.  Respond to of 19219
 
Chisy, have you noticed in the past week any intraday pullback in the XAU comes bouncing up hard off support...

XAU is looking VERY STRONG right now even on this pullback...

Now at XAU 53.90. down 32 cents..

Rydex XAU Precious Metals total assets still under 40 million BULLISH. When it gets above 55 million in assets we are near a short term top...

Gold Bullion down all morning and just turned breakeven... now down 50 cents again...272.50 spot

Now heading back down a slippery slope...

Best Regards, J.T.